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Convertible Bond Conversion

4th Sep 2013 16:33

RNS Number : 2567N
Regency Mines PLC
04 September 2013
 

Regency Mines Plc

("Regency" or the "Company")

Convertible Bond Conversion

4 September 2013

Regency Mines, the mining exploration and mineral investment company with interests in nickel and other minerals in Australia and Papua New Guinea announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC ('Yorkville'), has converted £177,000 in unsecured Convertible Bonds 2014 into 32,299,270 ordinary shares of 0.1 pence each ("Shares") in the Company under the terms of the Convertible Bond Instrument ("Convertible") as announced on 20 August 2013, at a price of £0.005480 per Share. 

 

Following the Subscription, the Company's total issued ordinary share capital will be 1,148,349,153 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 10 September 2013.

 

Enquiries:

Andrew Bell 020 7747 9960 or 07766 474849 Chairman Regency Mines plc

Sandra Spencer 020 7747 9960 or 07757 660 798 Investor Relations Regency Mines plc

Colin Aaronson / David Hignell 020 7383 5100 NOMAD Grant Thornton UK LLP

Nick Emerson 01483 413500 Broker SI Capital Ltd.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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